BTC Bull Run Losing Steam? Here’s What Crypto and Nasdaq Market Breadth Indicates
Market breadth, a key indicator used to understand the overall health of a market or an index, indicates that both the crypto market and Wall Street’s tech-heavy index, the Nasdaq, are experiencing short-term weakness within a long-term uptrend.
Breadth is typically measured by comparing the number of advancing stocks or cryptocurrencies to those declining. Traders also analyze the number of assets trading above or below key moving averages—such as the 50-day and 200-day SMAs—to assess both short-term and long-term market trends. This article focuses specifically on these moving average-based breadth indicators.
As of writing, 63 of the top 100 cryptocurrencies by market value, including bitcoin
, traded above their respective 200-day…
